World News

Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter?

Jean-Louis Combes, Xavier Debrun, Alexandru Minea andRené Tapsoba INTRODUCTION Since the 1990s, many countries have enacted extensive reforms of their macroeconomic policy frameworks. On the monetary side, central bank independence, often along with some form of inflation targeting (IT), is thought to have contributed to lower and more stable inflation […]

Winners emerge in Promasidor Quill Awards

Press Release Kunle Falayi, a journalist with Punch Newspaper was adjudged to be the Overall Winner at the  second edition of the Promasidor Quill Awards which  took place on Saturday 24th May 2014, at the Grand Ballroom, Eko Hotel & Suites in Lagos, Nigeria.   Other winners are Gbenga Salau of the […]

South African Economy Contracts First Time Since 2009 Recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output. Gross domestic product fell an annualized 0.6 percent compared with the fourth quarter, when it expanded 3.8 percent, the statistics office said in […]